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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Oak Harbor, Business Loans > Whidbey Island Bank Oak Harbor Business Loans > Cut Stone And Stone Product Manufacturing Loan | ||||
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Mount Vernon SBA Loans from Whidbey Island Bank
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Whidbey Island Bank SBA Loan to Cut Stone And Stone Product Manufacturing CompanyWhidbey Island Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Washington entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Mount Vernon, Washington, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Whidbey Island Bank, based in Oak Harbor, Washington. SBA Loan Borrower COMPANY TYPE: CUT STONE AND STONE PRODUCT MANUFACTURING SBA Loan Lender WHIDBEY ISLAND BANK The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 327991 - Cut Stone and Stone Product Manufacturing Loan Approval Date 7/11/2003 Loan Approval Gross Amount $30,400 Loan Approval from the SBA Of the total $30,400 loan amount, the SBA guaranteed $15,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Accountant's Role in Securing Financing Best Oak Harbor, Washington Banks for Small Business
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